Atrium Mortgage Stock Price, News & Analysis

Atrium Mortgage Investment reported strong Q3 2024 results with net income of $11.6 million, up 5.6% year-over-year. Quarterly earnings per share increased to $0.26 from $0.25. The company announced a 3.3% increase in annual dividend rate from $0.90 to $0.93 per share starting December 2024. The mortgage portfolio reached a record $926.3 million, with 97.3% in first mortgages and 90.3% having loan-to-value less than 75%. However, revenues decreased 3.5% to $24.5 million, and the allowance for mortgage losses increased to 3.23% of the portfolio compared to 2.53% at year-end 2023.

Atrium Mortgage Investment (TSX: AI) has declared a monthly dividend of $0.075 per common share for November 2024, payable December 12, 2024, to shareholders of record November 29, 2024. The company maintains an annual dividend rate of $0.90 per share, with potential special dividends at year-end. The company will release Q3 2024 financial results on November 13, 2024, followed by a conference call on November 14. Shareholders can participate in a dividend reinvestment plan (DRIP) offering a 2% discount from market price with no commissions.

Atrium Mortgage Investment (TSX: AI) has successfully completed a $25 million public offering of common shares. The company issued 2,185,000 common shares at a price of $11.45 per share. The offering was conducted through a syndicate of underwriters led by TD Securities Inc. and RBC Capital Markets.

Atrium has granted the underwriters an over-allotment option to purchase up to an additional 327,750 common shares at the same price, exercisable within 30 days of closing. The net proceeds will be used to repay existing indebtedness under Atrium's revolving operating credit facility, which will then be available for general corporate purposes, particularly funding future mortgage loan opportunities.

Atrium Mortgage Investment (TSX: AI) has announced a dividend for October 2024. The board of directors has declared a dividend of $0.075 per common share, payable on November 13, 2024, to shareholders of record as of October 31, 2024. Atrium currently pays monthly dividends at an annual rate of $0.90 per share.

Additionally, Atrium offers a dividend reinvestment plan (DRIP) allowing shareholders to automatically reinvest their dividends in new Atrium shares at a 2% discount from market price, with no commissions. This provides an opportunity for compound growth of investment in Atrium. Shareholders can enroll in the DRIP program by contacting their investment advisor.

Atrium Mortgage Investment (TSX: AI) has announced its September 2024 dividend of $0.075 per common share, payable on October 11, 2024 to shareholders of record on September 30, 2024. The company currently pays monthly dividends at an annual rate of $0.90 per share, with an additional special dividend at year-end if declared dividends are less than taxable income.

Atrium offers a Dividend Reinvestment Plan (DRIP) allowing shareholders to automatically reinvest dividends in new shares at a 2% discount from market price with no commissions. This provides an opportunity for compound growth of investment in Atrium. Shareholders can enroll in the DRIP program through their investment advisor.

Atrium Mortgage Investment (TSX: AI) reported strong second quarter results for the period ended June 30, 2024. Highlights include:

• Quarterly earnings per share of $0.26
• Net income of $11.5 million
• Record mortgage portfolio of $907.8 million
• 96.8% of portfolio in first mortgages
• 89.5% of portfolio with loan-to-value less than 75%

Despite challenging real estate market conditions, Atrium increased its mortgage portfolio to a record $908 million. The company amended its credit facility, increasing the maximum available amount to $340 million. CEO Rob Goodall emphasized the company's focus on high-quality opportunities and defensive lending in preferred sectors.

Atrium Mortgage Investment (TSX: AI) has announced its August 2024 dividend and Q2 2024 investor conference call details. The company's board of directors has declared a dividend of $0.075 per common share for August 2024, payable on September 12, 2024, to shareholders of record on August 30, 2024. Atrium currently pays monthly dividends at an annual rate of $0.90 per share, with an additional special dividend at year-end if declared dividends are less than taxable income.

The company will release its Q2 2024 financial results on August 8, 2024, followed by a conference call with management on August 9, 2024, at 9:00 a.m. ET. Atrium also offers a dividend reinvestment plan (DRIP) allowing shareholders to reinvest dividends in new shares at a 2% discount from market price with no commissions.

Atrium Mortgage Investment (TSX: AI) has announced a monthly dividend of $0.075 per common share for July 2024. The dividend will be paid on August 13, 2024, to shareholders recorded by July 31, 2024. Atrium's annual dividend rate stands at $0.90 per share, with an additional special dividend possible if declared dividends fall short of taxable income for the year. The company also offers a dividend reinvestment plan (DRIP), allowing shareholders to reinvest dividends at a 2% discount without commissions, promoting compound growth.

Atrium Mortgage Investment announced the acceptance of a normal course issuer bid (NCIB) by the Toronto Stock Exchange. The NCIB allows Atrium to purchase up to 4,232,634 common shares (10% of the public float) from June 24, 2024, to June 23, 2025. Purchases will be made at market prices and will be conducted via open market transactions. An automatic share purchase plan (ASPP) has been implemented to facilitate purchases during blackout periods. As of June 10, 2024, Atrium had 44,313,954 common shares outstanding. The previous NCIB, which expires June 23, 2024, saw 37,527 shares purchased at an average price of $10.08 per share.